Tuesday, September 23rd12.7°C
23284

The Source expands as Best Buy shrinks

The Source electronics retail chain plans to open 20 new locations this year across Canada, continuing an expansion that added dozens of stores last year.

Most of the more than 700 locations operated across Canada by The Source are much smaller than the big-box stores operated by U.S. retailers.

The Source's expansion announcement follows the sudden closure of 15 Canadian big-box stores owned by electronics retailer Best Buy, throwing about 900 people out of work with little or no warning.

Many of the stores doing business as The Source are former Radio Shack stores.

The name was changed after U.S.-based Circuit City acquired the Canadian operations.

Circuit City later declared bankruptcy and closed all its U.S. locations but the Canadian business survived and was acquired by Montreal-based BCE Inc. to complement its Bell products and services.

The Canadian Press


Read more Business News

22908


Recent Trending




Today's Market
S&P TSX15129.00-136.35
S&P CDNX928.09-26.97
DJIA17172.68-107.06
Nasdaq4527.689-52.10
S&P 5001994.29-16.11
CDN Dollar0.9088+0.0031
Gold1232.30+14.40
Oil91.50-0.91
Lumber332.20+5.60
Natural Gas3.948+0.04

 
Okanagan Companies
Pacific Safety0.17+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.27-0.10
Cantex0.04-0.01
Anavex Life Sciences0.2195-0.0035
Metalex Ventures0.05-0.01
Russel Metals35.37-0.38
Copper Mountain Mining2.40-0.26
Colorado Resources0.16-0.005
ReliaBrand Inc0.0206-0.0043
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.27-0.02

 



21269

FEATURED Property
20862253848 Water Road
3 bedrooms 3 baths
$1,299,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Is this a fair offer from ICBC?

“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...

_



23448

23448


Member of BC Press Council


22771